Property profile

8035 Broadway Lemon Grove, CA 91945

OFF-MARKET
Retail space
Property ID
US09-9584173
3,450 SF 0.62 ac lot Built 1968
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1968
Total area 3,450 SF
Lot 0.62 ac (27,007 SF)
Zoning code COMMERCIAL
APN 480-132-09-00
UPID US09-9584173

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

8035 Broadway Lemon Grove, CA 91945-2533
Lemon Grove metro Census 14400 SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.61M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.60M
Blend (final) Blend
$1.65M

Owner & transaction history

since 2023
Last sale
$1.6M
7 recorded transactions
2023
$1.6M
2017
$730,000
2012
$395,000
2011
Price N/A
2006
Price N/A
2005
Price N/A
2003
Price N/A

Zoning & alternative use

COMMERCIAL · Lemon Grove, CA
Top alternative use upside
Medical building $1.6M +41.9%
Auto repair, garage $1.3M +14.1%
Office building $1.2M +7.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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